Next is seeking to sell both its headquarters building and three substantial warehouses in a bid to raise money which will help to offset its drop in revenues during the Covid-19 lockdown period. It will lease back the premises. In addition, it has suspended its share buy-back scheme and has called a halt, for now, on investment projects. With all stores and its online operation closed, Next is forecasting that its accounts for April 2021 could show a drop in sales as high as £1 billlion.
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